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    Ending a Partnership - How to Remain Friends After the Break-up
    0 Ending a Partnership - How to Remain Friends After the Break-up

    It all started so well. You went into business with a friend or colleague, and for awhile everything was great. But as time went on you realized it wasn't working. Now you want to dissolve the partnership but you're worried it will ruin your friendship. You need to find a way out of the business relationship that doesn't leave you hating each other at the end of the process.

    Sounds a lot like ending a marriage, doesn't it? And the fallout of terminating the relationship can be just as acrimonio...

    Winding Down Your Business? Here's a Checklist of Steps You Need to Take.
    0 Winding Down Your Business? Here's a Checklist of Steps You Need to Take.

    Have you reached a point with your business where it's no longer desirable or feasible to continue operations? So many businesses, large and small, have faced that decision during the COVID-19 pandemic. It's very difficult to consider walking away from something that you have built with your own equity, sweat, love and passion. But if you have reached that crossroads and there is no hope of selling it and no family members or employees willing to take it over, then your only other course of action may be to shut it down, liquidate the assets, and pay your creditors.

    Should you incorporate your Canadian business? Here are some factors to consider.
    0 Should you incorporate your Canadian business? Here are some factors to consider.

    Before deciding whether or not to incorporate your company under the Canada Business Corporations Act or any of its provincial counterparts, there are a number of important considerations which must be taken into account.

    5 Steps You Need to Follow to Form a Limited Liability Company
    0 5 Steps You Need to Follow to Form a Limited Liability Company

    A list of the 5 principal steps you need to take in order to set up a limited liability company in the United States.

    Four Good Reasons Why Your Company Needs a Shareholder Agreement
    0 Four Good Reasons Why Your Company Needs a Shareholder Agreement

    Every business partnership, no matter how good the relationship, has the potential to end in dispute. So long as the parties agree on significant matters, minor disagreements generally resolve themselves. The best and most proactive way to attempt to resolve or avoid potential conflicts and to minimize the costs involved in conflict resolution is to have a Shareholder Agreement in place to deal with significant business issues before they arise.

    Why You Should Incorporate Your Nonprofit Organization
    0 Why You Should Incorporate Your Nonprofit Organization

    A nonprofit (or not for profit) organization is exactly what its name implies – it is an entity that uses any surplus revenues it generates in order to achieve certain goals, rather than as profits to be distributed among the shareholders. It can be incorporated or unincorporated, but there are advantages to being a corporation, such as limiting the liability of the members.

    What You Need to Know Before You Enter Into a Joint Venture
    0 What You Need to Know Before You Enter Into a Joint Venture

    The advantages of joint venturing

    Joint ventures are much more common in today's business world as companies strive to gain access to new world markets and improve their profit margins in the face of increasing costs and the need to comply with rapidly changing laws and regulations.

    Joint ventures, also referred to as "business alliances", "strategic alliances" or "corporate partnering", offer an attractive alternative to the traditional method of doing business, and there are numerous advanta...

    Partnership FAQs - Answers to the Most Common Questions
    0 Partnership FAQs - Answers to the Most Common Questions

    Q. What is a partnership?

    A. A partnership is an unincorporated business that is owned and operated jointly by two or more parties. It is typically an ongoing long-term business operation, the end goal of which is to create profit for the partners.

    Q. What's the difference between a partnership and an incorporated entity, such as a corporation or limited liability company?

    A. The biggest difference is that a corporation has a legal existence separate from its owners, with the same legal right...

    What's the Difference Between a Partnership and a Joint Venture?
    0 What's the Difference Between a Partnership and a Joint Venture?

    Today's post begins a three-part series on Partnerships and Joint Ventures. This article explains the differences between the two business arrangements, and the advantages and drawbacks of each.

    This is a question that we get asked frequently, so it seemed like a natural topic for a blog post. Let's do a comparison of the two structures.

    Formation and Duration

    A partnership is a business entity that is not registered as a corporation or a limited liability company and which is owned and carr...